If a corporation or LLC (Limited Liability Corporation) closes
leaving collected sales taxes unpaid to the Department of Revenue, individuals
responsible for making the financial decisions for the business may be held
personally liable for payment of the unpaid sales tax. This is considered Trust
Fund Accountability.

Individuals held liable for unpaid trust funds are subject to
the normal tax collection process unless payment is voluntarily made.

The individuals liable may include corporate officers,
bookkeepers, accountants, or any other person who made the decision to not pay
the collected sales tax to the Department.